September 01, 2009
Bailing out General Motors may have been a mistake, says one of Canada's most influential business leaders.
Outspoken Vancouver entrepreneur Jim Pattison offers his take on the North American auto industry's recent woes -- and a host of other issues as well -- in an interview airing this Friday on Joytv 10's new current affairs series The Standard.
Pattison, the chairman, president, CEO and sole owner of the Jim Pattison Group, Canada's third largest private company, is the guest on the inaugural edition of The Standard, which airs Fridays, starting Sept. 4, at 9 p.m. PST on Joytv 10.
Jim Pattison - Selected quotes from the interview:
On the auto industry bailout
“I’m not a supporter of bailing out General Motors -- and I’ve been a GM dealer; I wouldn’t be here without General Motors … I think supporting the banks: good, bad, or indifferent -- they did the right thing. I’m not so sure bailing out industrial companies is the right thing.”
On the presidency of George W. Bush
“As time goes by I think that history will treat and look at George W. Bush better than they’re looking at it now.”
On leaving money to his children
“I don’t think that giving a lot of money to children is necessarily the best thing to do…I think that it’s important for children to learn values, to learn to work hard, to make their own way in the world. That doesn’t mean to say you won’t help them, but as far as leaving them vast amounts of money…I think that after a certain level that the money probably is better spent helping others that are less fortunate.”
Jim Pattison - Biography:
James Allen Pattison was born in the rural community of Luseland, Saskatchewan in 1928, and moved with his parents to Vancouver in 1935. He dropped out of college, but enjoyed a successful career as a car salesman in the 1950s, which led to the purchase of his first dealership in Vancouver in 1961. Over time, his auto sales business grew to include 13 dealerships in southwestern B.C.
In 1965, Pattison acquired the Vancouver's CJOR-AM, the first of 20 radio stations he would eventually own. This was the beginning of a successful strategy of business diversification. His empire expanded into fields such as transportation, communications, food products, packaging, real estate and financial services. Canadian Business magazine has put the net value of the Jim Pattison Group at $5.2 billion.
Pattison served as Chairman of Vancouver's Expo 86 world's fair. He was appointed an Officer of the Order of Canada in 1987, and was named to the Order of British Columbia in 1990.
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Emmy Award-winning broadcast journalist Peter W. Klein, a veteran of CBS's 60 Minutes is the host of The Standard, which repeats on Sundays at 8 p.m. PST, right after 60 Minutes.
Produced in Vancouver, The Standard offers unique insight into our complex world. The hour-long show features hard-hitting interviews with newsmakers and personalities from all walks of life, and delivers a no-holds-barred perspective on a wide range of subjects, including politics, religion and entertainment.
For more Joytv 10 programming information, please visit www.joytv.ca.